Live a richer life.
Money Canada
Canadian Banking
New bank account promotions

Best new bank account offers in Canada

Christine Smonk

Updated Mar 5, 2026

11M

Readers

150+

Reviews

1,000+

Metrics

Partners on this page may provide us earnings.

Best new bank account offers in Canada

From chequing account offers to high-interest savings account promos, here's a summary of the best new bank account offers in Canada for this month from our partners, followed by a list of all the best bank offers from all major banking providers in Canada. Not sure how to advantage of these deals, read our guide on how to switch banks in Canada.

Bank specials for new accounts Description Get started
Tangerine logo Savings offer: Earn 4.60% for up to 5 months when you open a new account by March 16, 2026.
Chequing offer: Get $250 when you open a no-fee account and move your pay
Get up to a $800* cash bonus and a Walmart Delivery Pass subscription for up to 12 months!*
Earn 2.75% interest* on your balance with an EQ Bank Personal Account
Earn 3% on your balance and 1% cash back on purchases (or more) with a Neo Money account
Earn $300 and a $50 Skip gift card when you become a new client and open a No Fee Chequing Account and set up an eligible direct deposit of at least $100 for 3 straight months. Offer ends on March 31, 2026.
Earn up to $700 with a Scotiabank Ultimate or Preferred package and eligible investment plans.†

My pick for the best new bank account promotion

My top choice for the best promotion is, hands down, the Simplii No Fee Chequing Account. It’s the best deal in terms of effort versus reward. I like this promotion because you don’t need to jump through too many hoops to get the $300 cash bonus. 

All you have to do is set up a recurring direct deposit of at least $100 for three months, and you’re done. As we’ll see below, earning a cash bonus isn’t as simple with the Big Banks.

Get $300 and a $50 Skip gift card with Simplii

Best new bank account offers in alphabetical order

BMO new account offer

BMO logo
Promo offer: Get up to a $800* cash bonus and a Walmart Delivery Pass subscription for up to 12 months!*
  • Monthly fee: $17.95
  • Minimum account balance to waive monthly fee: $4,000
  • Number of transactions: Unlimited

BMO makes you work for that $800. To unlock the first $500 of this offer, you’ll need to start by opening a new BMO Performance or Premium Plan Chequing Account by June 1, 2026. After that, you need to complete two of the following by July 31, 2026: 

◦ Set up a recurring direct deposit of at least $500

◦ Make two eligible online bill payments of at least $50 to different billers; and/or

◦ Set up two eligible pre-authorized debits of at least $50 to different billers

Earn a Walmart Delivery Pass subscription for up to 12 months when you open a Savings Amplifier Account by June 1, 2026, and deposit any amount by June 30, 2026. Then, sign up for Walmart Delivery Pass by July 31, 2026 and enter your Debit Mastercard payment details.

For the next $150, you’ll need to open a Savings Amplifier Account by June 1, 2026 and complete the following: 1. Deposit a total $10,000 or more into the Savings Amplifier Account within the first 30 calendar days of opening the Savings Amplifier Account 2. After the initial 30-calendar day period from the Savings Amplifier Account open date, maintain a daily closing balance of $10,000 or more at all times for an additional 90 calendar days. You must complete the Chequing Account offer to qualify for the Savings Account offer.

Finally, if you want to squeeze this offer for all it’s worth (which I respect), you must sign in to BMO Online Banking or BMO Mobile Banking to access My Financial Progress and complete the following: 1. Create one (1) Goal in My Financial Progress Plan by July 31, 2026; 2. Go to the Planning Tab and apply one (1) Strategy to the plan by July 31, 2026. This gets you the extra $50 to earn the full offer.

Related: Best joint bank accounts

Offer Period and Eligibility Criteria: This offer is available until June 1, 2026. If you meet the eligibility criteria, the Chequing Account and My Financial Progress cash bonus will be credited to your account by August 31, 2026. The Direct Deposit offer cash bonus will be credited one month after maintaining the direct deposit for twelve consecutive months. The Savings Account cash bonus will be credited by October 31, 2026. Unfortunately if you already have a chequing account with us you are not eligible for this promotion. If you closed your account between February 10, 2025 - June 1, 2026, you aren’t eligible for this promotion. Each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill it has to be paid to different accounts numbers to be counted as 2 different bill payments.

Pros and cons of the BMO promo

Pros
  • $800 welcome offer, plus a Walmart Deliver Pass subscription for up to 12 months
  • 4.5% promo interest rate with Savings Amplifier Account
Cons
  • Must complete two of the following: recurring direct deposit, two bill payments, two pre-authorized debits
  • Required to open a Savings Amplifier Account and maintain a $10,000 balance

EQ Bank new bank account sign up bonus

EQ Bank logo
Promo offer: Earn 2.75% interest* on a EQ Bank Personal Account
  • Monthly fee: $0
  • Minimum account balance to waive monthly fee: N/A
  • Number of transactions: Unlimited

This is the bank promotion for long-term thinkers. Here’s how it works: as soon as you fund your account, you’ll start earning a 1.00% interest rate* on your balance. To earn the full 2.75%, you’ll need to set up a direct deposit of at least $2,000 per month.

As an EQ customer, I appreciate how this promotion doesn’t have an end date. While the Big Bank cash bonuses are flashy, the 2.75% interest* will likely add up to more money over time.

EQ also has one of the best debit cards in Canada with 0.5% cash back.

* Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

Pros and cons of the EQ bank offer

Pros
  • 2.75% interest rate
Cons
  • Must set up a direct deposit of at least $2,000

Neo Financial promotional offer

Neo Financial logo
Promo/Bonus offer: Earn up to 3% cash back on gas and groceries, and up to 1% on everything else
  • Monthly fee: $0
  • Minimum account balance to waive monthly fee: N/A
  • Number of transactions: Unlimited

Unlike the Big Banks, Neo doesn’t offer a sign-up bonus for opening an account. Instead, they let their product speak for itself.

Like many challenger banks, Neo blurs the lines between traditional savings and chequing accounts. Their account functions as both. In short, the more you have in your account, the more money you earn when you spend.

For example, if you have $10,000 in your account, you’ll earn 3% cash back on gas and groceries, plus 1% cash back on everything else. While it may not have a flashy promotion, this account is a great banking product for those who can forgo the in-person support of a Big Bank.

Neo Money is provided by People's Bank. Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

Best new bank account offer from Simplii

Simplii Financial logo
Promo/Bonus offer: Earn $300 and a $50 Skip gift card when you become a new client and open a No Fee Chequing Account and set up an eligible direct deposit of at least $100 for 3 straight months. Offer ends on March 31, 2026.
  • Monthly fee: $0
  • Minimum account balance to waive monthly fee: N/A
  • Number of transactions: Unlimited

Not only is this one of the best promotions on the list, but the Simplii No Fee Chequing Account is a great choice for your daily banking. To qualify for the $300† offer you’ll need to set up a recurring direct deposit of at least $100 in the first 120 days of account opening. Plus, you’ll need to maintain this recurring direct deposit for at least three consecutive months.

And that’s it. The Simplii No Fee Chequing Account is for no-fee lovers. However, if you’re a person who enjoys the in-person support of a Big Bank, this may not be the product for you.

"Simplii FinancialTM" is a trademark and division of CIBC. Banking services are not available in Quebec.

Pros and cons of the Simplii Financial promo

Pros
  • $300† welcome offer
Cons
  • Must add a direct deposit of at least $100 a month for 3 straight months

New bank account offer from Scotiabank

Scotiabank logo
Promo/Bonus offer: Earn up to $700 with a Scotiabank Ultimate or Preferred package and eligible investment plans†.
  • Monthly fee: $16.95
  • Minimum account balance to waive monthly fee: $4,000
  • Number of transactions: Unlimited

Scotiabank mixes up the standard Big Bank promotion playbook by encouraging customers to open a registered account.

For the first $500 of this promotion, you’ll need to complete the following:

◦ Open a new Ultimate or Preferred Package account before July 2, 2026.

◦ Within 60 days, set up a recurring direct deposit and either two recurring pre-authorized transactions of at least $50 (e.g. mortgage payment) or one bill payment (e.g. phone, utility) of at least $50.

Now let’s talk about getting that remaining $200 cash bonus. For the first $100, you need to, within 60 days, open a new Money Master Savings Account, enroll your new account in the Pay Yourself First or the Savings Finder tool, and remain enrolled for 90 consecutive days.†

Earn an additional $100 bonus when you set up and deposit $5,000 into a new eligible RRSP, TFSA, or FHSA within 60 days of opening the account, and maintain that balance for at least three consecutive months.†

*See Account Provider's website for complete account details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Pros and cons of the Scotiabank promo

Pros
  • $700 welcome offer
Cons
  • Must complete a multi-step process
  • Open a new registered account and set-up pre-authorized contribution
  • Make a minimum deposit of $5,000 in registered account

  • Legal Reference & Disclaimer - $700 offer for Preferred or Ultimate Package

    +

    *The Scotiabank Cash Bonus Bundle Offer (the “Offer”) is available between March 3, 2026 and July 2, 2026 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the Offer conditions, eligible clients can earn $500 when they open a new Preferred Package or Ultimate Package chequing account and complete certain qualifying transactions. Plus, clients who meet the conditions for the $500 bonus are also eligible to earn up to $200 in additional cash bonuses when they bundle their new Preferred or Ultimate Package chequing account with a new Money Master Savings Account and/or a new eligible Registered Account and complete certain qualifying transactions. $500 Cash Bonus for Preferred or Ultimate Package Conditions: To qualify for the $500 cash bonus (the “$500 Package Bonus”), you must 1. Open a new Ultimate Package or new Preferred Package chequing account (the “Eligible Chequing Account”) during the Offer Period; and 2. Complete any two (2) of the following activities in your Eligible Chequing Account within 60 days of Eligible Chequing Account opening: • Set up and receive at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months in total, or • Set up and make a minimum of two (2) separate eligible recurring pre-authorized transactions with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of six (6) consecutive months in total, or • Make at least one (1) eligible online bill payment of at least $50 through the Scotiabank Mobile App or through Scotia OnLine. † Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit, pre-authorized transaction or bill payment is eligible for the $500 Package Bonus. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the $500 Package Bonus. $100 Money Master Savings Account Bundle Conditions: To qualify for the $100 cash bonus (the “$100 Savings Bundle Bonus”), you must meet all of the conditions for the $500 Package Bonus, and: 1. During the Offer Period and within 60 days of opening your Eligible Chequing Account: i. Open a new Money Master Savings Account (the “Eligible Savings Account”). ii. Enroll your new Eligible Savings Account in either the Pay Yourself First or the Savings Finder tool (each a “Smart Savings Tool”). 2. Remain enrolled in your selected Smart Savings Tool for 90 consecutive days. Note: Enrolment in a Smart Savings Tool is subject to certain eligibility requirements and can only be done through the Scotiabank mobile banking app. For example, enrollment in the Pay Yourself First tool will not be available if you have not had at least 4 recurring deposits to your Scotia Chequing Account at the time you attempt to enroll. Also, both the Eligible Chequing and Savings Accounts must be “Any to Sign” to be eligible for the Smart Savings tools. Only one Smart Savings Tool can be enrolled in at a time but you can switch tools at any time, however, you must remain enrolled in a Smart Savings Tool for 90 consecutive days from the date of first enrolment in Section 4.a.ii. above. See the Smart Savings Tool Agreement for full terms and conditions. $100 Registered Account Bundle Conditions: To qualify for the $100 cash bonus (the “$100 Registered Bundle Bonus”), you must meet all of the conditions for the $500 Package Bonus, and: a. During the Offer Period and within 60 days of opening your Eligible Chequing Account, open a new Eligible Registered Account (as defined below); and; b. Within 60 days of the Eligible Registered Account opening, contribute or transfer in a minimum of CAD $5,000 into your new Eligible Registered Account and maintain that minimum amount each day for at least three (3) consecutive months. For the purposes of this Offer, the following Scotia Registered Accounts opened with either The Bank of Nova Scotia (“Scotiabank”) or Scotia Securities Inc. are defined as “Eligible Registered Accounts”: Scotia Registered Retirement Savings Plans (excluding Spousal RRSPs and locked-in plans such as LIRAs and LRSPs) (each an “RRSP”), Scotia Tax-Free Savings Accounts (each a “TFSA”) and Scotia First Home Savings Accounts (each a “FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not included in the definition and are not eligible for the Offer.

    $500 Package Bonus: Individuals who are currently holders of, or who were previously holders within the last two (2) years, of a Scotiabank Chequing Account are not eligible for this Bonus. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. $100 Savings Bundle Bonus: Individuals who currently hold or have held a Money Master Account with Scotiabank in the six (6) months preceding the Offer Period are not eligible for this Bonus. $100 Registered Bundle Bonus: In order to qualify for the $100 Registered Bundle Bonus, Individuals who have held the same type of Eligible Registered Account (as that opened during the Offer Period) with Scotiabank in the six (6) months preceding the Offer Period are not eligible for this Bonus. Employees of Scotiabank are also not eligible for the Offer.

    General Offer Terms: Provided all of the applicable Offer conditions have been met: a. the $500 Package Bonus will be deposited to the Eligible Chequing Account within approximately nine (9) months from account open date. b. the $100 Savings Bundle Bonus will be deposited to your Eligible Savings Account within approximately thirteen (13) months from the account open date. c. the $100 Registered Bundle Bonus will be deposited to your Eligible Registered Account within approximately ten (10) months from the account open date. You have 24 months from the date you believe you have fulfilled the applicable Offer conditions to notify us if you have not received the applicable cash bonus so that we may confirm your eligibility. For clients investing in non-Canadian dollar currencies, the investment will be calculated based on Canadian dollar equivalent at the Scotiabank rate on the transaction date to determine eligibility for the offer. All bonuses will be paid in Canadian dollars.

    For any cash bonus to be fulfilled, the Eligible Chequing Account, the Eligible Savings Account and the Eligible Registered Account, as applicable, must be open and in good standing until the time of payout of the cash bonus. The Eligible Chequing Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, (ii) it has been in continuous overdraft for a period of three consecutive months, or (iii) the Account holder is in breach of the Account agreement with Scotiabank. The Eligible Savings Account is not in 'good standing' if it has a negative balance. An Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreement. Clients are responsible to confirm their applicable registered plan contribution limits prior to making any contribution to their Eligible Registered Account(s). If more than one (1) Eligible Chequing Account is opened, only the first Eligible Chequing Account opened will be eligible for the $500 Package Bonus. If more than one (1) Eligible Savings Account is opened, only one Eligible Savings Account that fulfilled the $100 Savings Bundle Bonus conditions will be eligible for the $100 Savings Bundle Bonus. If more than one (1) Eligible Registered Account is opened, only the first Eligible Registered Account that fulfilled the $100 Registered Bundle Bonus conditions will be eligible for the $100 Registered Bundle Bonus. If two Eligible Registered Accounts fulfill on the same day, the $100 Registered Bundle Bonus will be paid into only one of the Eligible Registered Account(s) in the following order: (1) Eligible TFSA, then (2) Eligible FHSA, then (3) Eligible RRSP. For joint accounts, only the primary Eligible Chequing Account holder is eligible to receive the $100 Savings Bundle Bonus and $100 Registered Bundle Bonus into their Eligible Savings Account and Eligible Registered Account, as applicable. The primary account holder must be the same client on both the Eligible Chequing Account and Eligible Savings Account.

    This Offer is non-transferable and may not be duplicated. Limit of one (1) $500 Package Bonus, (1) $100 Savings Bundle Bonus, and one (1) $100 Registered Bundle Bonus per client (for a total bonus of up to $700), regardless of the number of Eligible Chequing Accounts, Eligible Savings Accounts or Eligible Registered Accounts opened.

    The $100 Registered Bundle Bonus is not considered a contribution. Scotiabank and Scotia Securities Inc. are not responsible for any contribution over a client’s applicable registered plan limit in connection with this Offer. Clients should consult with a tax advisor to discuss any tax implications in connection with this Offer and clients are responsible for any required tax reporting.

    All rates, fees, features and benefits are subject to change. All other terms and conditions of the Account and Smart Savings Tools Agreement continue to apply. The Offer is non-transferable and may not be duplicated. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers on the Account, unless otherwise permitted by Scotiabank.

CIBC new bank account offer

CIBC logo
Promo/Bonus offer: Get a 6 month Disney+ subscription and $600 for opening a CIBC Smart Account and CIBC eAdvantage Savings Account
  • Monthly fee: $6.95 - $16.95 (depending on number of monthly transactions)
  • Minimum account balance to waive monthly fee: $4,000
  • Number of transactions:
  • ◦ Up to 12 transactions: $6.95
  • ◦ 13-20 transactions: Additional $1.25 each
  • ◦ Unlimited transactions: $16.95

CIBC brings some creativity to the bank promotion table with a Disney+ subscription offer. To qualify, open a new CIBC account and subscribe to Disney+ using your Visa Debit card. CIBC will then reimburse you for up to six months.

To receive the first $400 of the cash bonus, you’ll need to set up a direct deposit of $500 or more per month to your new Smart Account. After that, you must complete one of the following actions within the same calendar month:

◦ Set up two recurring pre-authorized debits

◦ Make two online bill payments of $50 more each

◦ Complete five online Visa Debit purchases

Once you’ve completed that, you’re ready for the final boss of this bank promotion. The additional $200 cash bonus requires you to open an eAdvantage Savings Account. Once that’s done, simply plop $10,000 into that account and maintain this balance for the next three months.

Pros and cons of the CIBC promo

Pros
  • 6 month Disney+ Subscription
  • $600 welcome offer
  • 5.25% promo interest rate for first 4 months with eAdvantage Savings Account
Cons
  • Must set up recurring direct deposit
  • Must complete one of the following: two bill payments, two pre-authorized debits, five online Visa debit purchases
  • Required to open a CIBC eAdvantage Savings Account and maintain a $10,000 balance

Best new bank account offer from RBC

Royal Bank logo
Promo/Bonus offer: Earn $450 for opening an RBC Signature No Limit Banking Account
  • Monthly fee: $16.95
  • Minimum account balance to waive monthly fee: N/A
  • Number of transactions: Unlimited

RBC offers one of the more straightforward promotions of the Big Banks, even if it’s not as lucrative. To get your $450 you will need to open a RBC Signature No Limit Banking Account. Next, you’ll complete two of the three actions:

◦ Set up a recurring direct deposit

◦ Complete two pre-authorized monthly payments

◦ Make two bill payments to a service provider

As noted above, RBC does not offer a monthly fee rebate for maintaining a minimum balance – something to consider when assessing this account for the long term. Instead, they provide the RBC Value Program, which reduces your monthly fee if you have two additional products with RBC.

Pros and cons of the RBC bonus

Pros
  • $450 welcome bonus
Cons
  • Must set up two of the following: recurring direct deposit, two pre-authorized monthly payments, two bill payments

Tangerine bank account promotional offer

Tangerine logo
Promo/Bonus offer: Get $250 when you open a no-fee chequing account and move your pay
  • Monthly fee: $0
  • Minimum account balance to waive monthly fee: N/A
  • Number of transactions: Unlimited

I’ll admit, I’m a Tangerine fan. After a long list of complicated bank promotions, I appreciate Tangerine’s simplicity. While the cash bonus isn’t substantial, all you need to do is open a Tangerine Chequing Account and set up a recurring direct deposit of at least $200 from your paycheques for two consecutive months.

This bank promotion is ideal for those interested in a no-fee account for the long term. Plus, you get access to Scotiabank ABMs if you need cash. Of course, if you’re looking for in-person support, one of the Big Bank offers may be better for you.

Pros and cons of the Tangerine chequing account offer

Pros
  • $250 welcome offer
Cons
  • Must move your paycheques to your Tangerine Chequing Account for two consecutive months
Tangeringe logo
Earn 4.60% for 5 months when you open a new Tangerine savings account by March 16, 2026
  • Monthly fee: $0
  • Minimum balance: $0
  • Interest rate: 0.30%†

A Tangerine Savings Account offers a simple and flexible way to save for the future—whether your goals are short-term, medium-term, or long-term. It helps you grow your money with ease, and with the Automatic Savings Program, you can stay on track effortlessly by saving without even thinking about it.

TD new account offer

TD Bank logo
Promo/Bonus offer: Get $600 by opening a TD Unlimited Chequing Account and eligible Savings Account
  • Monthly fee: $16.95
  • Minimum account balance to waive monthly fee: $4,000
  • Number of transactions: Unlimited

Another day, another Big Bank $600 offer. Let’s break it down. For the first $400, you’ll need to complete two of the following actions:

◦ Set up a recurring direct deposit

◦ Make an online bill payment of at least $50

◦ Set-up a recurring pre-authorized debit of at least $50

For the next $200, you must deposit $10,000 into your TD Savings Account within 30 days of opening your TD Unlimited Chequing Account. This balance must be maintained for 150 days.

The cool thing about this offer is that you can earn even more cash by depositing a higher amount. For example, if you deposit over $100,000, you can earn a $1,000 cash bonus. While most of us don’t have a spare $100,000 lying around (I wish!), this offer could be perfect for someone keeping a large amount in cash for an upcoming down payment.

Pros and cons of the TD bank promo

Pros
  • $600 welcome offer
Cons
  • Must complete two of the following: set up a recurring direct deposit, set up a recurring pre-authorized debit payment, make an online bill payment
  • Deposit $10,000 into a new Savings Account and maintain balance for 150 days

Wealthsimple Cash bonus offer

Wealthsimple logo
Promo/Bonus offer: Earn up to 3.75% interest on your cash account balance
  • Monthly fee: $0
  • Minimum account balance to waive monthly fee: N/A
  • Number of transactions: Unlimited

Wealthsimple doesn’t need to stoop to complicated cash bonuses to get customers. While their cash account doesn’t have a new account promotion, you can still boost your earning potential by holding your investments with Wealthsimple.

At the lowest tier, you’re getting a generous 2.75% interest on your account balance. That’s pretty good. Bump your assets to $100,000 (this includes your Wealthsimple investment accounts), you’ll enjoy 3.25% interest. Finally, generation clients receive 3.75% interest with $500,000 in assets with Wealthsimple.

Pros and cons of the Wealthsimple Cash promo

Pros
  • At least 2.75% interest on Cash account
Cons
  • Need $500,000 in assets to access the highest interest rate

Summary: Best new bank account offers in Canada

The saying “there’s no such thing as a free lunch” applies to new bank promotions. While the advertisements promise us easy cash, the fine print tells a different story. Often these promotions require tedious tasks, such as setting up direct deposits or recurring bill payments.

So opening a new bank account worth it? Before making the decision, it’s important to look beyond the promotion and make sure the account aligns with your long-term needs. Consider the features that fit your financial goals, such as in-person banking or low account fees. 

New bank account offers Canada FAQs

  • Where can I find the best new bank account offers?

    +

    Currently, BMO, CIBC, TD, Scotiabank, RBC, Simplii, and Tangerine are offering promotions for opening new accounts. For example, BMO offers up to $700 to those who sign up for a BMO Performance Chequing Account and a BMO Savings Amplifier Account. It’s important to read the detailed offer description to ensure you qualify for the full cash bonus.

  • Which bank gives you money to open a new account online?

    +

    Currently, BMO, CIBC, TD, Scotiabank, RBC, Simplii, and Tangerine provide cash bonuses for opening a new account online. For example, Simplii offers $300 to individuals who sign up for a new account and set up a recurring direct deposit.

  • What bank gives you money just for signing up?

    +

    No banks offer cash bonuses simply for opening a new account right now. Typically, you will need to set up recurring direct deposits and pre-authorized payments to qualify for the cash bonus.

  • Which bank has the best new account bonus?

    +

    The Simplii No Fee Account offers one of the best new account bonuses. You can earn $300 by opening a new account and setting up a recurring direct deposit.

  • How hard is it to earn a new account offer?

    +

    Earning a new account bonus is not difficult, but it can be time-consuming. In addition to opening your account, you will often need to set up direct deposits from your paycheque. You may also be required to establish recurring pre-authorized payments and complete bill payment transactions.

Christine Smonk Freelance writer

After years as a product manager at TD Bank and Ratehub.ca, Christine now expresses herself with words, especially in credit cards and personal finance.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities enter into any loan, mortgage or insurance agreements or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.